Facebook's stalled stock failed to reach expectations

According to reports, people familiar with the situation said Facebook's growth outlook was worrying, leading to a decline in institutional investor interest in Facebook, while Facebook's stock needs have not yet met expectations and the outlook for development is grim.

According to two people familiar with the matter, Facebook also told analysts that its sales could not reach their most optimistic expectations. In addition, anonymous sources said some investors said they did not intend to invest in the company after Facebook said on May 9 that its advertising business could not grow faster than its subscribers.

Facebook executives also have a week of IPO roadshow, which will set the IPO price on May 17. Underwriters are struggling to spark interest from potential large investors, people familiar with the matter said, with interest from institutional investors at this stage or forcing Facebook to rely more on retail investors, and demand from retail investors remains strong.

Mark Zuckerberg, Facebook's CEO, plans to raise $11.8 billion trillion in IPOs, the largest of the Internet companies. People close to the situation said the company could still generate enough demand to sell shares at a high or higher price range.

Facebook seeks a market value of up to 96 billion dollars, with a price range of $28 to $35 per share. The company will log on to Nasdaq and the stock code is FB. Morgan Stanley, JPMorgan Chase and Goldman Sachs as their main underwriters.

Facebook will issue a total of 337.4 million shares, of which 157.4 million are from existing investors such as Accel, Goldman Sachs and DST. The regulatory documents show that Zuckerberg will sell 30.2 million shares in his 533.8 million shares, after listing or controlling Facebook's 57.3% voting rights.

Jonathan Thaw, a Facebook spokesman, has yet to respond. (Lebang)